Is East Brunswick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Brunswick has remained a Seller's Market.
Key Takeaway
East Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Brunswick, NJ
How much do homes in East Brunswick, NJ cost?
Median Sold Price
$539,761
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Brunswick have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in East Brunswick was $539,761 in March 2024, up 10.2% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $235K | +27.0% |
| 2 Bedrooms | $302.5K | $340K | +12.4% |
| 3 Bedrooms | $460K | $505K | +9.8% |
| 4 Bedrooms | $615K | $655K | +6.5% |
| 5+ Bedrooms | $792K | $775K | -2.1% |
Summary: East Brunswick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Spotswood | $390K | $445K | +14.1% |
| Milltown | $445K | $500K | +12.4% |
| East Brunswick Township | $490K | $547K | +11.6% |
| East Brunswick | $490K | $539.7K | +10.2% |
| South River | $430K | $410K | -4.7% |
Housing Supply in East Brunswick, NJ
How many homes are available in East Brunswick, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 130 | 154 | +18.5% |
Summary: The East Brunswick real estate market had 154 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 29 | 39 | +34.5% |
| 4 Bedrooms | 33 | 42 | +27.3% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The East Brunswick housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 35 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brunswick, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in East Brunswick in March 2024, up by 66.7% month-over-month. Of the 35 sold homes, 23% were sold under asking, 14% were sold at asking, and 63% were sold over asking.
Days on Market for East Brunswick, NJ
How long does it take to sell a home in East Brunswick, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 47 Days | +5.3% |
Summary: Homes in East Brunswick had an average of 47 days on market in Mar 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in East Brunswick; 51% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.